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Catch-up concessional contributions

Catch-up concessional contributions

As part of the 2016/17 Budget measures, if your superannuation balance is less than $500,000 you will be able to make additional concessional contributions if you have not reached your concessional contributions cap in previous years. Amounts are carried forward on a rolling basis for a period of 5 consecutive years, and only unused amounts accrued from 1 July 2017 can be carried forward.

The measure will also apply to members of defined benefit schemes.

Date of effect: 1 July 2017.

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